Applied Digital Corporation (NASDAQ: APLD)’s stock price has gone rise by 3.08 in comparison to its previous close of 8.25, however, the company has experienced a 41.27% increase in its stock price over the last five trading days. zacks.com reported 2024-09-24 that Data centers, AI, and Bitcoin mining are three fast-growing businesses bound to be multi-year megatrends. CORZ, WULF, and APLD are three companies that should benefit for years.
Is It Worth Investing in Applied Digital Corporation (NASDAQ: APLD) Right Now?
The 36-month beta value for APLD is also noteworthy at 4.41. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for APLD is 153.81M, and at present, short sellers hold a 15.66% of that float. The average trading volume of APLD on September 27, 2024 was 10.56M shares.
APLD’s Market Performance
APLD stock saw an increase of 41.27% in the past week, with a monthly gain of 92.85% and a quarterly increase of 42.93%. The volatility ratio for the week is 12.34%, and the volatility levels for the last 30 days are 16.98% for Applied Digital Corporation (APLD). The simple moving average for the past 20 days is 49.42% for APLD’s stock, with a 75.54% simple moving average for the past 200 days.
Analysts’ Opinion of APLD
Many brokerage firms have already submitted their reports for APLD stocks, with ROTH MKM repeating the rating for APLD by listing it as a “Buy.” The predicted price for APLD in the upcoming period, according to ROTH MKM is $14 based on the research report published on October 03, 2023 of the previous year 2023.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see APLD reach a price target of $4. The rating they have provided for APLD stocks is “Buy” according to the report published on December 22nd, 2022.
DA Davidson gave a rating of “Buy” to APLD, setting the target price at $6 in the report published on May 24th of the previous year.
APLD Trading at 72.99% from the 50-Day Moving Average
After a stumble in the market that brought APLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.68% of loss for the given period.
Volatility was left at 16.98%, however, over the last 30 days, the volatility rate increased by 12.34%, as shares surge +121.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.30% upper at present.
During the last 5 trading sessions, APLD rose by +40.86%, which changed the moving average for the period of 200-days by +41.57% in comparison to the 20-day moving average, which settled at $5.92. In addition, Applied Digital Corporation saw 26.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APLD starting from MILLER DOUGLAS S, who sale 10,000 shares at the price of $5.50 back on Sep 05 ’24. After this action, MILLER DOUGLAS S now owns 218,506 shares of Applied Digital Corporation, valued at $55,000 using the latest closing price.
DOUGLAS MILLER, the Director of Applied Digital Corporation, proposed sale 10,000 shares at $3.24 during a trade that took place back on Sep 05 ’24, which means that DOUGLAS MILLER is holding shares at $32,400 based on the most recent closing price.
Stock Fundamentals for APLD
Current profitability levels for the company are sitting at:
- -0.49 for the present operating margin
- 0.11 for the gross margin
The net margin for Applied Digital Corporation stands at -0.9. The total capital return value is set at -0.19. Equity return is now at value -162.28, with -27.88 for asset returns.
Based on Applied Digital Corporation (APLD), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.04. The interest coverage ratio of the stock is -3.0.
Currently, EBITDA for the company is -1.87 million with net debt to EBITDA at -8.53. When we switch over and look at the enterprise to sales, we see a ratio of 13.62. The receivables turnover for the company is 43.04for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
In summary, Applied Digital Corporation (APLD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
